NC Employment looking up?

Looking at the economic situation as far as the job situation goes, it looks like companies in Charlotte, NC are hiring once again. We aren’t hearing about as many layoffs as we are about friends, family members, and acquaintances going on interviews and getting jobs. This is a good indicator for the Charlotte NC real estate and property management industry to get ready for an influx of business. Charlotte hotels have been booked with transient people moving here and staying in pet-friendly accommodations while they look for new homes in the Charlotte area and seek out a Charlotte Realtor.

Some of the Charlotte companies that are hiring again are:

Presbyterian Hospital, Carolinas Medical Center, Bank of America Stadium, Time Warner Arena, South Park Mall, and Concord Mills Mall (various shops in the malls as well as the malls). The Charlotte employment situation is improving and those with degrees and experience are getting hired once again, however, it is usually below what they were making before the economy tanked. Also, while these bigger Charlotte companies are hiring again, many of the jobs go from minimum wage to a few dollars per hour above. You’re most likely not going to buy a new home on Lake Wylie with what you’re earning at a concessions stand job at Time Warner Arena or Bank of America Stadium. I’m not saying it’s impossible, just not probable.

So, what can you do in order to get out of that Charlotte apartment and start investing your money in real estate instead of paying rent every month? Start out with a condo in Weddington or Matthews. If you don’t try to buy a luxury condo in Uptown Charlotte, you’ll be able find an affordable Charotte home on the periphery of Charlotte with the same square footage, or more, than that apartment you’ve been renting.  If you’ve been at your job, even if it is just slightly above minimum wage, for over two years and you have a down payment saved up, you might qualify for a mortgage. After all, you’ve been able to afford rent all this time and lenders do take that into consideration.

If you’ve been recently hired at a job after being out of work for a significant amount of time, now is probably not the best time to buy. Save up some money for a down payment on a new home and then contact a real estate agent in Charlotte who can help you find a condo in the price range you need on the outskirts of town. You’ll find something brand new or nearly new and get more bang for your buck when you buy! Oh and be sure to contact us if you would like more information about Charlotte homes.